Should I Choose a Lottery Lump Sum Payment?

Lottery Lump Sum PaymentReal stories make a real difference. This is especially true when a someone decides to sell lottery payments for a lump sum. We sat down with one of our senior account executives—Brian M.*—to give us some insight into his experiences working with lottery winners.

In this exclusive interview, Brian provides valuable information about what can determine if selling lottery payments for a lump sum is the right decision.

Interviewer: What are some typical concerns that lottery winners have when they decide to sell their scheduled payments?

Brian: One of the most common concerns people have are personal finances. Some of the questions that they ask themselves are: Am I in good standing in regard to revolving expenses? Is there immediate debt that needs to be paid off as quickly as possible? If a potential customer answers “yes” to any of these questions, opting for a lump sum from the sale of their lottery winnings might be a good idea. Debt is indeed a common issue for many people, so we certainly understand why a lump sum payment could be beneficial.

Interviewer: So, when a person incurs unexpended expenses that require a large lump sum and they make the decision to move forward to sell their payments, what are the next steps?

Brian: In this case, calling RSL Funding is their best bet. We have over twenty years of experience in providing sellers the most money for their settlement. We will make sure to guide the customer, and make a recommendation as to how many payments they should sell (be it the entire amount, or just a portion of their scheduled payments). This ensures they receive a lottery lump sum, and continue to receive income from their payments in the future. Our team doesn’t act as just a buyer but as a mentor who can highlight the best case scenarios.

All of our account executives are trained on the entire process—from the initial quote request straight on through to the lump sum. When it comes to selling lottery payments, a judge needs to approve the transaction. We will stand by our customer every step of the way.

Interviewer: It seems like you know the ins and outs of the business. How did you come to learn what customers expect from a reputable funding company? Can you give us an example of one of your earlier experiences?

Lottery Lump Sum 1Brian: Sure! I was working at the company for about a year when a call came in from a customer who was interested in selling his lottery payments. Matt* had a good-paying job, so he opted to receive scheduled payments instead of taking a large lump sum at the onset. But after years of renting, he decided that home ownership was in the cards—he figured that his steady income from his lottery winnings, plus his regular income from his job would be enough to cover a down payment on a home. Plus, his wife announced that she was expecting twins. With the recession in full swing, he realized he needed more of a financial buffer.

This is what prompted him to call RSL Funding to inquire about selling his payments for a lottery lump sum. He had just about $50,000 left in payments. We were able to get him a great rate and he was finally able to buy his dream home and provide a great life for his growing family. It felt great to guide Matt through the process of selling his payments and making a large purchase that he was able to enjoy. This is when I knew that I wanted to do this for a living and RSL Funding is a great company to work for. Plus, I’ve been able to leverage the experiences I had as a junior account executive in guiding new employees on how to address any issues that may come up. We want to make sure that our customers get the best in customer service.

Interviewer: That’s a great success story and it really highlights that every situation is different. Lottery winners have been lucky, but they still might need a boost when life events happen.

Brian: Absolutely. RSL Funding is here whenever a seller is ready to cash in on their lottery payments. My team will ensure that they receive the most money. Customers should give us a call at web_phone to see how much their lottery payments are worth.

*Brian has been with RSL Funding for five years. He started with the company as a junior account executive and he moved his way up to senior account executive by learning great customer service skills from the leadership team. Now, he is in charge of training and guiding new employees so they can handle any situation that comes their way.

*Customer’s name has been changed.